In addition, trades
posted by members of #FuturesTrades in the below trade post chat log
are by traders that do not have access to TheStrategyLab.com
strategies except for NihabaAshi.

Fee-based clients of TheStrategyLab.com
strategies use the private IRC rooms called #TheStrategyLab and
#SwingTradingTSL.

Further, you'll find below the chat room time stamped text log of realtime trades
(real money and simulator) that were posted
by full-time, part-time traders from around the world and the
timestamp is eastern standard time (est).

Also,
below NihabaAshi's trading blog like comments, you can read the time
stamped trades (prices, entries, exits et cetera) and market
discussions that sometimes contains trading tips
or insights that are more useful than what
you will see at any other futures blog or chat room.

Trading Blog

Below is not your traditional trader's blog in the usual blog format.
However, you will find informative commentary on a few occasions as time
permits and such will
contain trading tips that should help your trading as I attempt to sum up my
thoughts as I traversed from the first trade to the last trade that was
posted in #FuturesTrades realtime trade posting chat room.

I watched a trader dig himself out of a deep hole of
losses via a short position in reaction to the FOMC minutes.

This is an example of how much of an impact key
economic reports or events has on our trading results.

The Emini Futures creeper uptrend
reflected that we believe the federal reserve is properly managing
inflation...enough to give the Dow record new highs.

As for my own trading, today was the last trading day of a key market seasonal
tendency that involved the bullish price action of October through
mid-November and I wanted to make sure most of my trades and/or was to the
Long side.

However, due to one key position error (my second
trade) on a Short position...I was in a deep hole soon out of the gate and
the trade had impact on how I was trading until early afternoon.

Anyways, a creeper uptrend developed soon after 10am
est and they are the toughest to trade because they move on declining low
volatility that can easily fool most traders that are shorting the market.

Emini NQ futures gave a nice short signal around 3:33pm
est via the 3min chart.

Although I wasn't trading it...I do know some traders
that open a Short position via the pattern signal...a pattern signal
discussed in the
Swing Trading Report.

Today's results (real money and simulator
trading) shown above are that
of NihabaAshi only. To see his total
accumulated points for the month of
November...click
here.To see results for the months of 2006 and
prior years...click
here.

Note:
Each month there are a few trading days that we consider to involve
interconnecting key price
action of different markets and such is represented by a particular type of
price action from one of the key markets. You can view the charts and their
clues that's associated with the
key price action at our
key market archives.

If your an independent trader looking for an
edge to help you traverse around obstacles to profitable trading...a method
that's well defined, gives you a better understanding of the markets,
applicable for day trading, position trading and swing trading with a money
back guaranteed policy...click
here.

As traders we must treat our trading like a
business if we are to succeed as traders and as a business. Therefore,
waiting till the last few weeks March to prepare for April's taxes is not
good for your trading and could put extra stress on your trading during tax
month or the months that follow if your one of those traders that filed an
extension.. Therefore, its best to be on top of your taxes throughout the
year and
Traders Accounting
is a great resource for such especially if you want to prevent penalties or
an audit several years from now.

Mentally getting away from trading is much
harder to do in comparison to physically getting away from trading when its
time for some rest and relaxation. Personally, one of my favorite ways to
mentally rest is to watch movies I've copy & recorded from the local video
store via mySlysoft
software that copies any copyright protected dvd's and cd's.

<NihabaAshi>

Long ER2 @ 797.00 -> small size

13:49

<yo>

indd stick too your plan en no emotion, but ooh so difficult

<john>

99min

13:51

9min

I'm still in the trade, crap

<NihabaAshi>

I will add quickly to this contract to bring it to a very large size position if volatility moves prices upwards.

13:53

<Brutus>

Should pull back in the next 5 mins, I would not be short going into this.

<john>

6min

<NihabaAshi>

If it drops drastically...no big deal and I'm still profitable for the day.

<john>

I'm scared,,,,real scared

13:54

4min before blow up

13:56

3pts to 800

<NihabaAshi>

Still no volatility spike and volatility is declining since my entry.

13:57

<pdays>

2 min

13:58

<john>

Im short 4

<Brutus>

I'm starting to think short hmmm

13:59

<john>

I'm in the hole big time already fade me

<pdays>

out

14:00

<john>

sell off baby

<NihabaAshi>

Exited ER2 Long @ 796.20 --> - 0.8

Reverse and Enter Short ER2 @ 796.20

<john>

leets gooo

<NihabaAshi>

3 contract short

<RussellDaytrade>

Covered all ER2 Short @ 795.1 --> - 13.4 «« paper »»

14:01

<john>

holding this piece of crap

<RussellDaytrade>

that was supposed to be cover one.

<NihabaAshi>

I'm keeping it on the light side...in profit protection mode.

14:02

<RussellDaytrade>

(should have covered the others long ago.

<NihabaAshi>

Covered 1/3 ER2 Short @ 795.40 --> + 0.8

<RussellDaytrade>

do we now have a trend change???

14:03

<john>

lower!!!!!!!!!

<Brutus>

Sox bullish div

14:04

<NihabaAshi>

Covered 1/3 ER2 Short @ 795.70 --> + 0.5

<RussellDaytrade>

Shorts ER2 @ 795.3 «« paper »»

14:05

<john>

still short

<NihabaAshi>

Its getting jumpy...tightning up my trailing stop.

14:07

<john>

need to retrace 2pts more

14:08

this is consolidation before 2nd leg

<NihabaAshi>

You can always tak some profits...reenter on a bounce back up is your analysis is sure it will drop further.

I don't always trade nor monitor the market from my home
office. Sometimes I'll do such from one of my favorite nearby Wi-Fi hotspot
or whenever I'm traveling via using this little Wi-Fi detection gadget I got
from Think Geek
that will show more than just the presence of any nearby signal and its signal
strength. It has a 12-character LCD that provides information on
signal availability and strength as well as essential network information,
including SSID, security status and channel. When multiple networks are
present the LCD me to scroll through information for each
network.

We are proud to say
that our chat room members are from the following geographical areas in the world: